Fitch rates UkrSibbank and VTB Bank AAA(ukr)

Fitch Ratings said it assigned JSCIB UkrSibbank and JSC VTB Bank national long-term ratings of AAA(ukr), both with stable outlooks.

The agency assigned UkrSibbank's issuer default ratings at long-term foreign currency BB-, short-term foreign currency B and long-term local currency BB. VTB Bank's issuer default ratings are long-term foreign currency BB-, short-term foreign currency B and long-term local currency BB.

The outlook on the long-term foreign and local currency for both issuers is positive.

The ratings reflect the moderate possibility of support the banks' shareholders - BNP Paribas, rated AA/F1+, which owns a controlling stake in UkrSibbank, and Russian VTB Bank, rated BBB+/F2, with a 99% stake in VTB Bank

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